China illegally raised over 40 billion yuan and exchanged it for 61000 bitcoins to escape to the UK. Qian Zhimin pleaded guilty in court

Alexandria 发表于 2025-9-30 23:40
Can this criminal be extradited back to China without extradition regulations between China and the  ...

Even without an extradition treaty, the two countries can theoretically make extradition requests or engage in individual case cooperation through diplomatic channels. Judicial cooperation mainly relies on the Treaty on Mutual Legal Assistance in Criminal Matters and international conventions to which they are parties (such as the United Nations Convention against Corruption). Any specific extradition or judicial cooperation request will be based on the circumstances of the case itself, the principles of international law mentioned above, and communicated and negotiated through diplomatic channels.

Reagan 发表于 2025-9-30 23:40
Even without an extradition treaty, the two countries can theoretically make extradition requests  ...

There is 100% no such possibility, as the money has been frozen in the UK after the UK court has admitted to the money laundering charges (the UK court does not care how the money came about). If the person is released back to China, once the crimes of illegal fundraising and fraud are established, the money will be declared sexual and must be returned to the Chinese victims.

This case fully illustrates the "dual nature" of Bitcoin, with features such as decentralization, anonymity, and cross-border flow. While it is convenient for normal use, it becomes an excellent tool for money laundering in the hands of criminals. Preventing such abuse is crucial.

London 发表于 2025-9-30 23:41
This case fully illustrates the "dual nature" of Bitcoin, with features such as decentralization, an ...

This female boss is already a coin god, particularly smart and visionary. She said a long time ago that one Bitcoin can be worth a villa, and she has great vision.

Alexis 发表于 2025-9-30 23:41
This female boss is already a coin god, particularly smart and visionary. She said a long time ago ...

You're wrong. It's not just an excellent tool for criminals, but also a perfect tool for rule makers, so Bitcoin cannot be banned

There are two main types of cash for Bitcoin exchange: one is through the exchange, which requires real name authentication through a formal process, and the money goes through the bank for security; The second is over-the-counter trading, which involves exchanging directly with individuals, paying with cash, and the other party transferring Bitcoin to your wallet. However, this type of trading is prone to encountering front-end transactions and carries legal risks.

From a technical perspective, Bitcoin is not completely anonymous, and the public ledger nature of blockchain makes it a powerful tool for tracking the flow of illegal funds. This case takes advantage of this.

Melissa 发表于 2025-9-30 23:41
From a technical perspective, Bitcoin is not completely anonymous, and the public ledger nature of b ...

Don't pretend to understand if you don't, I guess she put the money in the exchange or in the cold wallet device she bought on the exchange. If he writes down the key and hides it in a USB drive or paper, they probably won't be able to find it for a lifetime.

The conversion of 43 billion illegal funds into Bitcoin for overseas transfer has exposed the vulnerabilities of digital currencies in cross-border money laundering. Countries need to strengthen cooperation and establish a real-time monitoring system for cross-border digital currency flows

After serving her sentence for "money laundering" in the UK, she is likely to be extradited back to China to face a trial for the larger amount of money involved in "fundraising fraud". She will face double punishment for her crime.